Lloyds Banking Group (LON:LLOY) Given New GBX 121 Price Target at JPMorgan Chase & Co.

Lloyds Banking Group (LON:LLOY) had its price target trimmed by JPMorgan Chase & Co. from GBX 171 to GBX 121 in a research note released on Monday morning,Digital Look reports. The firm currently has a neutral rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on LLOY. Barclays increased their target price on shares of Lloyds Banking Group from GBX 100 to GBX 120 and gave the company an “overweight” rating in a research note on Wednesday, January 7th. UBS Group reiterated a “neutral” rating and issued a GBX 103 target price on shares of Lloyds Banking Group in a research note on Friday, January 23rd. Citigroup increased their target price on shares of Lloyds Banking Group from GBX 98 to GBX 106 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Shore Capital Group reiterated a “sell” rating on shares of Lloyds Banking Group in a research note on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Lloyds Banking Group to GBX 125 and set a “buy” rating for the company in a research note on Tuesday, February 3rd. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and a consensus price target of GBX 108.22.

Lloyds Banking Group Price Performance

LLOY stock opened at GBX 100.66 on Monday. Lloyds Banking Group has a 52-week low of GBX 66.94 and a 52-week high of GBX 114.60. The company has a 50-day moving average of GBX 99.47 and a two-hundred day moving average of GBX 95.59. The stock has a market capitalization of £58.91 billion, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94.

Lloyds Banking Group (LON:LLOY) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported GBX 7 earnings per share (EPS) for the quarter. Lloyds Banking Group had a net margin of 24.49% and a return on equity of 9.93%. Equities analysts expect that Lloyds Banking Group will post 7.3199528 EPS for the current fiscal year.

About Lloyds Banking Group

We are the largest UK retail and commercial financial services provider with over 25 million customers and a presence in nearly every community.

The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through the largest branch network and digital bank in the UK, with well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

Our shares are quoted on the London and New York stock exchanges and we are one of the largest companies in the FTSE 100 index.